Kotak Gen2Gen Protect

A Non-Linked Non-Participating Individual Savings Life Insurance Plan

You have always worked hard to provide for your family’s needs and made sure their aspirations are met. We realise that you have multiple roles to play as the head of the family. One of your important roles is being a responsible and caring parent. Ever wondered, will your family be able to maintain the same standard of living even without you or will your child get the right amount of coverage? What if there is a life insurance plan that ensures a Two Generation cover where not only you have financial protection but your child is protected too?

Our Kotak Gen2Gen Protect safeguards your future planning while simultaneously also ensuring that you get a maturity benefit along with a free life cover for your child till his retirement years. Take the first step towards a brighter future for you and your child, no matter what the uncertainties in your life.

How it works

Step 1: Choose any one of the 2 Plan Options: Life ROP Option or Legacy ROP Option
Step 2: Choose your Basic Sum Assured
Step 3: Choose your Policy Term & Premium Payment Term based on your requirement
Step 4: Choose Optional additional coverage through 3 Riders:

• Kotak Permanent Disability Benefit Rider

• Kotak Critical Illness Plus Benefit Rider

• Kotak Accidental Death Benefit Rider
Step 5: Choose your Premium Payment Frequency as per your requirement

Key Features

Return of Premium:
Get life cover throughout the policy term + You get your premiums back on maturity as Sum Assured on Maturity
Two Plan Options:
Get flexibility to choose between Life ROP Option and Legacy ROP Option which suits your varied protection needs
Dual Generation Plan:
Cover two generations under one single plan with Transfer of Basic Sum Assured under Legacy ROP Option
Additional Benefit for Female Lives:
Additional Death Benefit of 5% applicable for Female Lives
Inbuilt Wellness Benefits:
Get access without any additional cost
Enhanced Protection with Riders:
Enhance your insurance with appropriate rider options, on payment of additional premium
Tax Benefits:
May be available as per applicable laws amended from time to time

Eligibility

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Entry Age (Age as on last birthday)	Minimum Age for Life Insured: 18 years Maximum Age for Life Insured: 50 years (Maturity Age 70 / 75 years) 45 years (Maturity Age 60 / 65 years)	Minimum Age: Life Insured: 18 years; Secondary Life Insured: 3 months Maximum Age: Life Insured: 45 years Secondary Life Insured: 17 years The Life Insured should be a major and Secondary Life Insured should be a minor & the minimum Age gap between the Life Insured and Secondary Life Insured should be 18 years The Secondary Life Insured should be a major at the start of the Extended Policy Term

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Maturity Age (Age as on last birthday)	60 / 65 / 70 / 75 years (as per option chosen)	60 / 65 years (applicable for Life Insured)

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Policy Term (PT)	60 – Age at Entry (Option 1) 65 – Age at Entry (Option 2) 70 – Age at Entry (Option 3) 75 – Age at Entry (Option 4)	60 - Age at Entry for Life Insured OR 65 - Age at Entry for Life Insured

Eligibility Criteria Life ROP Option Legacy ROP Option

Extended Policy Term Not Applicable Secondary Life Insured will be covered till Age 60 years from the end of Policy Term

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Extended Policy Term	Not Applicable	Secondary Life Insured will be covered till Age 60 years from the end of Policy Term

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Premium Payment Term (PPT)	Limited Pay: 5 / 7 / 10 / 12 years / Pay till 60 Note: Pay till 60 option shall not be available with Policy Term ‘60 – Age at Entry’	Same as Life ROP Option

Eligibility Criteria Life ROP Option Legacy ROP Option

Premium Payment Mode Yearly, Half-Yearly, Quarterly and Monthly

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Premium Payment Mode	Yearly, Half-Yearly, Quarterly and Monthly

Eligibility Criteria

Life ROP Option

Legacy ROP Option

Modal Factor

The following modal loadings shall be used to calculate the instalment premium in case of Limited Premium Payment Options:

Yearly	100% of Annual Premium
Half-Yearly	51% of Annual Premium
Quarterly	26% of Annual Premium
Monthly	8.8% of Annual Premium

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Premium	Minimum Premium shall vary basis the Basic Sum Assured, Plan Option, Life Insured Age, Secondary Life Insured Age, Distribution Channel, Smoker Status, Policy Term, Premium Payment Term & Premium Payment Mode

Eligibility Criteria Life ROP Option Legacy ROP Option

Basic Sum Assured Minimum – Rs. 25,00,000
Maximum – No limit, subject to Underwriting Policy

Eligibility Criteria	Life ROP Option	Legacy ROP Option
Basic Sum Assured	Minimum – Rs. 25,00,000 Maximum – No limit, subject to Underwriting Policy

Additional Protection with Optional Riders

Kotak Accidental Death Benefit Rider (UIN:107B001V03):
Lump sum benefit paid on accidental death in addition to Death Benefit under the base plan
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Kotak Critical Illness Plus Benefit Rider (UIN: 107B020V01):
Rider Sum Assured shall be payable on admission of a claim on any one of the 37 covered critical illness, subject to terms and conditions, definitions and specific exclusions
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Kotak Permanent Disability Benefit Rider (UIN: 107B002V03):
120% of the Rider Sum Assured shall be payable over a period of 5 years.
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Read about Tax benefits & Plan Disclaimer

Note: Rider coverage is available only on the life of the Life Insured and not for Secondary Life Insured. For more details on riders and exclusions, please refer to the Individual Rider Brochure before concluding the purchase

Tax Benefit:

You may avail of tax benefits as per the Income Tax Act, 1961 subject to conditions as specified in those sections. Tax benefits are subject to change as per tax laws. You are advised to consult your Tax Advisor for details. Goods and Services Tax and Cess, as applicable shall be levied over and above premium amount shown here as per applicable tax laws.

BEWARE OF SPURIOUS PHONE CALLS AND FICTITIOUS /FRAUDULENT OFFERS

IRDAI is not involved in activities like selling insurance policies, announcing bonus or investment of premiums. Public receiving such phone calls are requested to lodge a police complaint.

Kotak Gen2Gen Protect - UIN: 107N132V01, Form No: N132, Kotak Permanent Disability Benefit Rider - UIN: 107B002V03, Form No.: B002, Kotak Critical Illness Plus Benefit Rider - 107B020V01, Form No.: B020, Kotak Accidental Death Benefit Rider - UIN: 107B001V03, Form No: B001, Ref. No.: KLI/24-25/E-WEB/441

Kotak Mahindra Life Insurance Company Ltd.; CIN: U66030MH2000PLC128503 Regn. No.:107, Regd. Office: 8th Floor, Plot # C-12, G-Block, BKC, Bandra (E), Mumbai - 400 051. Website: https://www.kotaklife.com; WhatsApp: 9321003007; Toll Free No: 18002098800.

A Non-Linked Non-Participating Individual Savings Life Insurance Plan. For sub-standard lives, extra premium may be charged based on Kotak Mahindra Life Insurance Company’s underwriting policy. The sales brochure gives only the salient features of the plan. Please refer to the Policy Document for specific details on all terms and conditions. please read sales brochure carefully before concluding a sale. For more details on riders please read the Rider Brochure.

Trade Logo displayed above belongs to Kotak Mahindra Bank Limited and is used by Kotak Mahindra Life Insurance Company Ltd. under license.

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